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HomeMy WebLinkAbout042126-06.31 ADMINISTRATIVE STAFF REPORT 6.3 TO: Mayor and Town Council April 21, 2026 SUBJECT: February 2026 Month End Treasurer’s Report BACKGROUND The California Government Code and the Town of Danville’s Investment Policy require that a report specifying the investment activity during the month, as well as the month-end investment balances, be prepared and presented to the Town Council on a monthly basis. DISCUSSION Beginning and Ending Cash and Investment Balances for the month of February 2026: Jan Feb Jan Feb 2026 2026 2026 2026 Town Funds $116,872,325 $117,006,258 $118,625,397 $118,975,569 Trust Funds 1,950,418 1,731,141 1,950,418 1,731,141 Assessment & SA 1,843,985 1,803,078 1,851,573 1,811,235 Total Cash & Investments $120,666,728 $120,540,477 $122,427,388 $122,517,945 Total Cash & Investments Year-to-Year Comparison 2025 $115,830,903 $119,791,160 $116,403,629 $120,830,065 Cost Basis Market Value Purchases for the month of February 2026 consisted of one ALPHABET INC. for $368,657 (maturity date February 15, 2029), one U.S. Treasury for $1,297,563 (maturity date January 31, 2030), and one ABBOTT LABORATORIES for $998,478 (maturity date March 9, 2029). There were no purchases for the NERIAD Fund for the month of February 2026. Maturities for the month of February 2026 included one APPLE INC for $728,265. Partial maturities (principal paid down) for the month of February 2026 included one Federal Home Loan Mortgage Corp K-063 A2 for $2,232, one Federal Home Loan Mortgage Corporation K-074 A2 for $1,768, one Federal Home Loan Mortgage February 2026 Treasurer’s Report 2 April 21, 2026 Corporation K-069 A2 for $1,912, one Toyota Auto Receivables Trust 2023-D A3 for $13,369, one BMW Vehicle Owner Trust 2023-A A3 for $7,837, and one BMW Vehicle Owner Trust 2024-A A3 for $26,313. Sales before maturities for the month of February 2026 consisted of one U.S. Treasury for $1,451,309. There were no maturities for NERIAD Fund for the month of February 2026. The Town’s net cash position changed from $17,301,765 to $17,003,805 during the month of February 2026. This consisted of operating expenses in excess of operating revenues of -$310,129, net funds invested of $431,693, premium/discount recognition of $66,407 and interest received of $377,456. Cash requirements have been projected for the next 12 months, and the Town is in a position to meet its cash requirements. All investments that the Town owns are in compliance with the California Government Code and the Town’s Investment Policy. PUBLIC CONTACT Posting of the meeting agenda serves as notice to the general public. RECOMMENDATION Accept the February 2026 Month End Treasurer’s Report. Prepared by: Lani Ha Finance Director/Treasurer Reviewed by: Tai Williams Town Manager Attachment: February 2026 Month End Treasurer’s Report Town of Danville Treasurer's Report of Investments - Summary February 28, 2026 Yield to Description Par Value Cost Market Value % Total Maturity TOWN FUNDS U.S. Treasury Obligations 48,800,000$ 47,677,865$ 48,687,038$ 41%3.93% Federal Agency Issues 18,250,000 18,201,818 18,419,118 15%4.24% Cash Equivalents 17,003,805 17,003,805 17,003,805 14%3.28% Collateralized Mortgage Obligation 8,812,002 8,478,342 8,780,473 7%4.48% Asset-Backed Securities 4,698,529 4,697,843 4,742,544 4%4.92% Commercial Paper 0 0 0 0%0.00% Negotiable CD 0 0 0 0%0.00% Supranational 3,425,000 3,382,970 3,441,192 3%4.30% US Corporate 17,850,000 17,563,615 17,901,399 15%4.57% Total / Weighted Average 118,839,336$ 117,006,258$ 118,975,569$ 100%4.08% Maturities 0 - 30 Days 16,198,844$ 14% 31-60 1,814,768 2% 61 - 90 1,609,204 1% 91 - 120 3,014,547 3% 121 - 180 4,796,734 4% 181 - 270 6,624,595 6% 271 - 365 5,375,576 5% 1 - 2 Years 29,158,757 25% 2 - 3 27,250,307 23% 3 - 5 23,132,237 19% Over 5 Years 0% 118,975,569$ 100% Total / Weighted Average Town Funds Weighted Average Quality is AAA Page 1 Town of Danville Treasurer's Report of Investments - Summary February 28, 2026 Description Par Value Cost Market Value % Total TRUST FUND Cash Equivalents 1,731,141$ 1,731,141$ 1,731,141$ 100% CDA/SUCCESSOR AGENCY Cash Equivalents 770,886$ 770,886$ 770,886$ 100% Total 770,886$ 770,886$ 770,886$ 100% ASSESSMENT DISTRICTS NERIAD Federal Agency Issues -$ -$ -$ 0% U.S. Treasury Obligations 975,000 963,617 971,774 93% Cash Equivalents 68,575 68,575 68,575 7% Subtotal 1,043,575$ 1,032,192$ 1,040,349$ 100% Total 1,043,575$ 1,032,192$ 1,040,349$ 100% SUMMARY TOTAL Town Funds 118,839,336$ 117,006,258$ 118,975,569$ Trust Fund 1,731,141 1,731,141 1,731,141 CDA/Successor Agency 770,886 770,886 770,886 NERIAD 1,043,575 1,032,192 1,040,349 Summary Total 122,384,938$ 120,540,477$ 122,517,945$ Page 2 Town of Danville Treasurer's Report of Investments CDA Town Funds Trust Funds Successor Agency NERIAD Total Beginning Balance, at cost 116,872,325$ 1,950,418$ 810,240$ 1,033,745$ 120,666,728$ Purchases, at cost ALPHABET INC.368,657 368,657 U.S. Treasury 1,297,563 1,297,563 ABBOTT LABORATORIES 998,478 998,478 - - - - Sales/Maturations/Call APPLE INC (728,265) (728,265) U.S. Treasury (1,451,309) (1,451,309) - - Redemption (53,431) (53,431) Premium/Discount 66,407 66,407 Interest Received 377,456 1,021 137 378,614 Net change in Cash (741,622) (219,277) (40,375) (1,690)(1,002,964) Realized gains (losses)- Ending Balance, at cost 117,006,258$ 1,731,141$ 770,886$ 1,032,192$ 120,540,477$ February 28, 2026 Page 3 Town of Danville Treasurer's Report of Investments - Detail Town Funds Yield to Annual Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest Federal Agency Issues FFCB Note 06/22/2023 06/23/2026 2,000,000 1,997,620 2,003,864 4.42%88,400 FFCB Note 08/09/2023 08/14/2026 1,500,000 1,496,550 1,505,142 4.58%68,700 FHLB Note 11/30/2023 11/17/2026 1,000,000 1,002,530 1,006,837 4.53%45,300 FHLB Note 06/26/2024 06/11/2027 1,000,000 1,001,530 1,012,510 4.57%45,700 FFCB Note 12/08/2023 10/04/2027 1,500,000 1,504,500 1,523,766 4.41%66,150 FFCB Note 11/09/2023 11/15/2027 1,750,000 1,743,508 1,783,073 4.73%82,775 FHLB Note 05/15/2023 12/10/2027 1,500,000 1,536,930 1,520,959 3.66%54,900 FHLB Note 05/07/2025 03/10/2028 2,000,000 1,957,320 1,981,638 3.80%76,000 FFCB Note 04/27/2023 04/25/2028 1,500,000 1,507,905 1,514,508 3.76%56,400 FHLB Note 07/06/2023 06/09/2028 1,500,000 1,467,705 1,519,353 4.49%67,350 FHLB Note 04/26/2024 03/09/2029 1,500,000 1,484,775 1,546,598 4.74%71,100 FFCB Note 09/17/2024 09/10/2029 1,500,000 1,500,945 1,500,870 3.49%52,350 Subtotal 18,250,000$ 18,201,818$ 18,419,118$ 4.24%775,125$ Collateralized Mortgage Obligation FHLMC K063 A2 06/06/2023 01/25/2027 993,288 959,144 989,045 4.47%44,400 FHLMC K066 A2 05/18/2023 06/25/2027 1,000,000 958,984 992,181 4.28%42,800 FHLMC K068 A2 05/12/2023 08/25/2027 1,000,000 970,820 992,408 3.98%39,800 FHLMC K069 A2 12/27/2023 09/25/2027 1,103,278 1,062,207 1,094,702 4.27%47,110 FHLMC K073 A2 05/24/2023 01/25/2028 720,000 691,988 716,003 4.34%31,248 FHLMC K074 A2 12/18/2024 01/25/2028 995,436 970,472 992,953 4.45%44,297 FHLMC K081 A2 09/05/2023 08/25/2028 1,000,000 957,967 1,004,900 4.85%48,500 FHLMC K082 A2 10/30/2023 09/25/2028 1,000,000 940,743 1,005,249 5.31%53,100 FHLMC K090 A2 03/27/2025 02/25/2029 1,000,000 966,017 993,032 4.36%43,600 Subtotal 8,812,002$ 8,478,342$ 8,780,473$ 4.48%394,855$ U.S. Treasury Obligations U.S. Treasury Notes 08/03/2022 03/31/2026 1,800,000 1,753,523 1,797,856 2.99%53,820 U.S. Treasury Notes 09/08/2022 04/30/2026 1,600,000 1,542,500 1,596,502 3.42%54,720 U.S. Treasury Notes 11/22/2024 07/31/2026 1,750,000 1,749,180 1,755,142 4.40%77,000 U.S. Treasury Notes 06/07/2023 09/30/2026 2,000,000 1,848,984 1,976,938 4.09%81,800 U.S. Treasury Notes 02/20/2025 10/15/2026 1,750,000 1,759,912 1,760,540 4.26%74,550 U.S. Treasury Notes 11/28/2022 03/31/2027 1,450,000 1,363,566 1,434,707 4.00%58,000 U.S. Treasury Notes 05/17/2024 04/15/2027 2,000,000 1,995,469 2,021,718 4.58%91,600 U.S. Treasury Notes 05/13/2025 05/15/2027 2,000,000 1,937,734 1,973,672 4.01%80,200 U.S. Treasury Notes 06/21/2024 07/31/2027 2,000,000 1,901,875 1,980,782 4.46%89,200 U.S. Treasury Notes 01/20/2023 08/31/2027 1,600,000 1,568,438 1,592,688 3.59%57,440 U.S. Treasury Notes 03/08/2023 09/30/2027 1,250,000 1,234,131 1,263,281 4.44%55,500 U.S. Treasury Notes 10/17/2024 01/31/2028 1,300,000 1,284,105 1,302,488 3.90%50,700 U.S. Treasury Notes 09/27/2024 02/15/2028 1,500,000 1,464,141 1,482,071 3.51%52,650 U.S. Treasury Notes 11/08/2024 03/31/2028 1,000,000 982,344 1,004,648 4.19%41,900 U.S. Treasury Notes 12/30/2024 05/31/2028 1,750,000 1,711,445 1,758,818 4.33%75,775 U.S. Treasury Notes 12/13/2024 08/31/2028 1,000,000 1,004,102 1,023,438 4.25%42,500 U.S. Treasury Notes 09/29/2025 09/15/2028 2,000,000 1,985,469 1,999,296 3.64%72,800 U.S. Treasury Notes 11/10/2025 10/15/2028 2,000,000 1,995,469 2,005,468 3.58%71,600 February 28, 2026 Page 4 Town of Danville Treasurer's Report of Investments - Detail Town Funds Yield to Annual Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest February 28, 2026 U.S. Treasury Notes 09/16/2025 10/31/2028 2,000,000 1,875,547 1,898,282 3.50%70,000 U.S. Treasury Notes 04/10/2024 11/15/2028 1,800,000 1,687,078 1,787,836 4.66%83,880 U.S. Treasury Notes 10/27/2025 04/30/2029 2,000,000 1,955,234 1,968,282 3.56%71,200 U.S. Treasury Notes 09/05/2024 05/31/2029 1,200,000 1,155,984 1,175,626 3.60%43,200 U.S. Treasury Notes 10/29/2024 07/31/2029 1,500,000 1,493,320 1,527,774 4.10%61,500 U.S. Treasury Notes 03/05/2025 08/31/2029 2,000,000 1,923,750 1,979,844 4.06%81,200 U.S. Treasury Notes 06/03/2025 11/30/2029 2,000,000 1,989,141 2,029,532 4.01%80,200 U.S. Treasury Notes 07/30/2025 12/31/2029 2,000,000 1,996,875 2,029,766 3.91%78,200 U.S. Treasury Notes 02/25/2026 01/31/2030 1,300,000 1,297,563 1,301,929 3.55%46,150 U.S. Treasury Notes 12/09/2025 04/30/2030 2,000,000 1,979,531 2,001,718 3.75%75,000 U.S. Treasury Notes 01/29/2026 09/30/2030 1,250,000 1,241,455 1,256,396 3.79%47,375 Subtotal 48,800,000$ 47,677,865$ 48,687,038$ 3.93%1,919,660$ Cash Equivalents Wells Fargo Trsry Plus M Mkt - reserve fund (2001 COP)511,662 511,662 511,662 3.16%16,169 Wells Fargo Trsry Plus M Mkt - reserve fund (2005 COP)361,689 361,689 361,689 3.19%11,538 Bank of New York 1,159,745 1,159,745 1,159,745 3.19%36,996 US Bank 2,204,914 2,204,914 2,204,914 0.00%0 LAIF 12,765,796 12,765,796 12,765,796 3.87%494,164 Subtotal 17,003,805$ 17,003,805$ 17,003,805$ 3.28%558,866 Asset-Backed Securities GM Finacial Automobile Leasing Trust 2025-1 A3 02/05/2025 02/21/2028 405,000 404,952 407,942 4.66%18,873 BMW Vehicle Owner Trust 2023-A A3 07/11/2023 02/25/2028 57,618 57,607 57,959 5.47%3,152 BMW Vehicle Lease Trust 2025-1 A3 06/03/2025 06/26/2028 250,000 249,995 252,039 4.82%12,050 Toyota Auto Receivables Owner 2023-D A3 11/07/2023 08/15/2028 183,082 183,062 184,999 5.61%10,271 Chase Issuance Trust 2023-1 A 09/07/2023 09/15/2028 995,000 994,724 1,002,304 5.23%52,039 BMW Vehicle Owner Trust 2024-A A3 06/04/2024 02/26/2029 357,829 357,775 361,009 5.18%18,536 Bank of America Credit Card Trust 2024-1 A 06/06/2024 05/15/2029 475,000 474,973 482,022 4.93%23,418 John Deere Owner Trust 2025 A3 03/04/2025 09/17/2029 470,000 469,971 473,783 5.09%23,923 BMW Vehicle Owner Trust 2025-A A3 02/04/2025 09/25/2029 635,000 634,938 641,036 4.56%28,956 Honda Auto Receivables 2025-2 Owner Trust 04/29/2025 10/15/2029 310,000 309,965 311,869 4.15%12,865 Mercedes-Benz Auto Receivables Trust 2025-1 01/14/2025 12/17/2029 560,000 559,881 567,582 4.84%27,104 Subtotal 4,698,529$ 4,697,843$ 4,742,544$ 4.92%231,185$ Page 5 Town of Danville Treasurer's Report of Investments - Detail Town Funds Yield to Annual Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest February 28, 2026 Supranational International Finance Corp Note 11/29/2023 01/15/2027 925,000 921,985 930,949 4.49%41,533 Inter-American Dev Bank Note 01/30/2024 02/01/2027 1,000,000 1,004,020 1,007,071 4.23%42,300 International Bank For Reconstruction and Dev 03/11/2024 07/12/2028 1,500,000 1,456,965 1,503,172 4.23%63,450 Subtotal 3,425,000$ 3,382,970$ 3,441,192$ 4.30%147,283$ US Corporate Toyota Motor Credit Corp 02/08/2024 06/18/2026 1,000,000 921,800 991,875 4.68%46,800 Paccar Financial Corp Note 08/03/2023 08/10/2026 515,000 514,743 517,492 5.07%26,111 Bank of America NA Callable Note Cont 08/24/2023 08/18/2026 1,000,000 1,001,360 1,006,125 5.48%54,800 Morgan Stanley Bank NA Callable Note 10/30/2023 10/30/2026 440,000 440,000 445,317 5.88%25,872 Honeywell Intl Callable Note 01/11/2023 11/01/2026 1,000,000 933,280 991,823 4.42%44,200 Pepsico Inc. Callable Note Cont 11/08/2023 11/10/2026 360,000 359,903 363,023 5.13%18,468 JP Morgan Chase Bank Callable Note 12/05/2023 12/08/2026 405,000 405,000 408,664 5.11%20,696 John Deere Capital Corp 01/10/2024 01/08/2027 1,000,000 999,220 1,006,518 4.53%45,300 Cisco Systems Inc 02/26/2024 02/26/2027 1,000,000 999,620 1,009,609 4.81%48,100 State Street Corp 03/13/2024 03/18/2027 1,065,000 1,065,000 1,077,989 4.99%53,144 Caterpillar Financial Service Note 05/15/2024 05/14/2027 1,000,000 1,002,930 1,015,718 4.89%48,900 Blackrock Funding Inc 07/17/2024 07/26/2027 690,000 689,979 698,579 4.60%31,740 Amazon.com Inc 07/10/2024 08/22/2027 1,000,000 954,920 993,833 4.73%47,300 Visa Inc 08/19/2024 09/15/2027 1,000,000 960,360 987,176 4.14%41,400 Paccar Financial Corp Note 08/04/2025 08/08/2028 540,000 539,681 544,020 4.02%21,708 Alphabet Inc. 11/03/2025 11/15/2028 395,000 394,660 397,878 3.91%15,445 MET Tower Global Funding 01/07/2026 01/14/2029 645,000 644,168 645,956 4.05%26,123 Pepsico INC. 07/29/2025 01/15/2029 1,000,000 997,580 1,010,656 4.18%41,800 Bank of New York Mellon Corp 02/12/2025 02/01/2029 1,250,000 1,240,750 1,264,641 4.81%60,125 ALPHABET INC 02/09/2026 02/15/2029 370,000 368,657 370,358 3.83%14,171 ABBOTT LABORATORIES 03/09/2026 03/09/2029 1,000,000 998,478 999,942 3.75%37,500 MERCK & CO INC 12/01/2025 03/15/2029 675,000 674,001 677,710 3.90%26,325 Apple Inc.03/05/2025 09/11/2029 500,000 457,525 476,497 4.29%21,450 Subtotal 17,850,000$ 17,563,615$ 17,901,399$ 4.57%817,476$ TOTAL 118,839,336$ 117,006,258$ 118,975,569$ 4.08%4,844,449$ Source: Chandler Asset Management US Bank Local Agency Investment Fund (LAIF) Page 6 Town of Danville Treasurer's Report of Investments - Detail February 28, 2026 Yield to Annual Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest Cash Equivalents LAIF 1,731,141 1,731,141 1,731,141 3.87%67,012 TOTAL 1,731,141$ 1,731,141$ 1,731,141$ 3.87% $67,012 Source: Local Agency Investment Fund (LAIF) Trust Fund Page 7 Town of Danville Treasurer's Report of Investments - Detail February 28, 2026 Yield to Annual Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest Cash Equivalents LAIF - redemption fund 108,385 108,385 108,385 3.87%4,196 Wells Fargo Trsry Plus M Mkt - reserve fund (TRBs)381,900 381,900 381,900 3.02%11,533 Wells Fargo Trsry Plus M Mkt - interest acct (TRBs)81 81 81 3.19%3 Wells Fargo Trsry Plus M Mkt - debt service acct (TRBs)280,521 280,521 280,521 3.19%8,949 Subtotal 770,886$ 770,886$ 770,886$ 3.20%24,680$ TOTAL 770,886$ 770,886$ 770,886$ 3.20%24,680$ Source: BNY Trust Company Local Agency Investment Fund (LAIF) Community Development Agency/Successor Agency Page 8 Town of Danville Treasurer's Report of Investments - Detail Yield to Annual Description Purchase Date Maturity Date Par Value Cost Market Value Maturity Interest U.S. Treasury Obligations U.S. Treasury Bill 3/27/2025 3/31/2026 225,000 217,582 224,468 4.12%9,270 U.S. Treasury Bill 6/11/2025 6/15/2026 250,000 249,970 250,332 4.14%10,350 U.S. Treasury Bill 9/16/2025 9/30/2026 250,000 249,473 249,778 3.71%9,275 U.S. Treasury Bill 2/18/2025 11/15/2026 250,000 246,592 247,196 3.54%8,850 Subtotal 975,000$ 963,617$ 971,774$ 3.87%37,745$ Cash Equivalents LAIF - improvement fund 36,167 36,167 36,167 3.87%1,400 Bank of New York-Improvement fd 32,409 32,409 32,409 3.19%1,034 Subtotal 68,575$ 68,575$ 68,575$ 3.55%2,434$ Total 1,043,575$ 1,032,192$ 1,040,349$ 3.85%40,179$ Source: Chandler Asset Management BNY Trust Company Local Agency Investment Fund (LAIF) Northeast Roadway Improvement Assessment District (NERIAD) February 28, 2026 Page 9